BAT held its CMD on 18/03/2020. No change in our confidence following the event. The company continues to show strength in its combustible activity vs. the industry and, while the New Categories business has been showing some weaknesses lately (US slowdown, regulations), we still believe that it will be the growth driver in the future. At the moment, it seems that BAT is succeeding in offsetting the vapour slowdown with its ability to transfer smokers to premium cigarettes. The FY20 outlook i
19 Mar 2020
CMD: still strong momentum in the industry
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CMD: still strong momentum in the industry
British American Tobacco p.l.c. (BATS:LON) | 2,370 0 0.0% | Mkt Cap: 52,867m
- Published:
19 Mar 2020 -
Author:
Laura Parisot -
Pages:
3
BAT held its CMD on 18/03/2020. No change in our confidence following the event. The company continues to show strength in its combustible activity vs. the industry and, while the New Categories business has been showing some weaknesses lately (US slowdown, regulations), we still believe that it will be the growth driver in the future. At the moment, it seems that BAT is succeeding in offsetting the vapour slowdown with its ability to transfer smokers to premium cigarettes. The FY20 outlook i